Cost of Living in Hammond, IN
Population: 77,098 • 2026 Data
$53,950
Median Household Income
-30% vs national
$1,089
Median Monthly Rent
-19% vs national
$141,700
Median Home Value
-58% vs national
6.8%
Unemployment Rate
Housing in Hammond
The median home value in Hammond, IN is $141,700. Monthly rent for a typical unit averages $1,089, while total monthly housing costs (including utilities and insurance) average $987.
Rent-to-income ratio: 24.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hammond, IN is $53,950. The unemployment rate stands at 6.8%, with a labor force of 37,331 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.